| Reasons of increase (decrease) for quarter compared with same quarter last year |
The decrease in net profit is due to: - Decrease in revenues that caused decrease in the gross profit. - Increase in the G&A expenses - Increase in the financial Charges -Decrease in the other income |
| Reasons of increase (decrease) for period compared with same period last year |
The decrease in net profit is due to: - Decrease in revenues that caused decrease in the gross profit. - Increase in the G&A expenses - Increase in the Zakat Expenses -Decrease in the other income |
| Reasons of increase (decrease) for quarter compared with previous quarter |
the increase in current quarter net Income is due to: -Increase in Sales due to seasonality -Decrease in the G&A Expenses - Decrease in the S&M Expenses -Increase in the other income |
| External auditor's report containing reservation |
The External Auditor conducted the review in accordance with International Standard on Review Engagements 2410 and issued conclusion opinion (unmodified) as follows: Based on our review, nothing has come to our attention that causes us to believe that the accompanying interim condensed consolidated financial statements are not prepared, in all material respects, in accordance with International Accounting Standard 34, (Interim Financial Reporting) that is endorsed in the Kingdom of Saudi Arabia. |
| Reclassifications in quarterly financial results |
comparative period figures has been reclassified to conform with current period classification numbers. |
| Other notes |
Sales and revenues during the current quarter amounted to SAR 343.03 million compared to SAR 376.33 million for the same quarter last year with a decrease of 8.85% and SAR 321.67 million for the previous quarter with an increase of 6.64%. Gross Comprehensive income for the current quarter amounted to SR 20.38 million compared to SAR 40.36 million for the same quarter last year with a decrease of 49.51% and SAR 14.59million with an increase of 39.65%. Medscan's sales for the current quarter amounted to SR 5.48 million compared to SAR 4.72 million for the same quarter last year with an increase of 16.10% and its net profit for the current quarter was SAR 1.17 million compared to SR 1.47 million for the same quarter last year with a decrease of 20.41%. Sales and revenues during the current period amounted to SAR 664.69 million compared to SAR 702.61 million for the same period last year with a decrease of 5.40%. Gross Comprehensive income for the current period amounted to SR 34.97 million compared to SAR 71.12 million for the same period last year with a decrease of 50.83%. Medscan's sales for the &period amounted to SR 11.07 million compared to SAR 8.07 million for the same period last year with an increase of 37.17% and its net profit for the current period was SAR 1.90 million compared to SR 2.27 million for the same period last year with a decrease of 16.30%. Total shareholders 'equity (no minority interest) as at 30 June 2018 amounted to SR 595.92 million against total shareholders' equity (no minority interest) amounting to SR 577.72 million as at 30 June 2017, an increase of 3.15%. The Company has adopted the International Financial Reporting Standards as of January 1, 2017. Accordingly, changes have been made to the Company's financial statements on a number of items in the measurement, recognition, presentation and disclosure method for the current and comparative periods in accordance with the accounting policies adopted in accordance with the standards International Financial Report approved in Saudi Arabia. |
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